Advantages of buying gold bars.
Buy gold coins or bars.
Gold bullion bars are available not only in the aforementioned weights but also styles including cast hand poured and minted ingots.
The most common gold coin size remains one troy ounce 1 oz while the international exchange standard gold bar is no longer the old 400 oz gold bar central bank standard but the lbma approved 1 kilo gold bar exchanged on the shanghai gold exchange the world.
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Some coins are 24 carat but others may be as low as 21 6 or 22 carat making it more difficult to value your new coins when dealing with fractional purities.
Gold coins are quite easy to store and are less obvious than gold bars when stored at home.
For this reason many investors switch their wealth into precious metals be it silver bars or coins or gold etc just to make sure that the value doesn t decrease drastically.
Bars are rectangular slabs of 999 pure gold and are produced in sizes ranging from 1 oz.
Gold bar sizes both private and government mints make various sized gold bars and gold coins respectively.
However 1 gram 1 oz 100 gram and kilo size remain the most common weights available in the bullion market.
A flat bar struck using 999 usually pure gold is known as a gold bullion bar.
It is often the cheapest form of gold but to ensure a good resale price make sure that you are buying a brand that is well accepted in the market perth mint and abc bullion are the most common in australia.
Gold products cast bars.
Cast bars refers to gold poured into a mould which results in a distinctive round edged look.
Bullion dealers have to buy gold above the spot price.
These large bars are an efficient way to buy physical gold particularly if you are going to store your larger gold bullion holding in a recognized insured precious metals storage facility.
The most effective way to keep premiums at an absolute minimum is to buy gold bars or silver bars if you are looking to invest in silver bullion.
In terms of gold coin vs.
You can check out here for investing guide for expensive metals.
Cons gold coins are sold at a premium over a comparable weight of gold in bar form.
Also if you have a working use for the gold such as in electronics manufacturing or the arts these large gold bullion bars are the most cost efficient.
Gold bars attract a smaller premium as opposed to bullion coins due to their larger unit size resulting in lower manufacturing costs.
Gold bullion bars have lower premiums over the spot price of gold when compared to gold bullion coins and the variety of options is far more diverse.
Read on to learn more about the unique benefits of buying gold bars and gold coins.
Like coins gold bars are portable private and liquid though their advantages are often less.
Buy gold and silver bullion coins or bars online at low prices.
Ranging from 1 troy ounce to even 32 troy ounces gold bars are available in various sizes.
To 1 kilo with many sizes in between.
During times of economic uncertainty you can rely on these metals to serve as wise investments.
